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>> MORGAN STANLEY Latest News

JUL 26, 2013 - Benzinga

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UPDATE: Morgan Stanley Upgrades Baidu.com to Overweight on Improved Outlook

In a report published Friday, Morgan Stanley analyst Philip Wan upgraded the rating on Baidu.com (NASDAQ: BIDU) from Equal-Weight to Overweight, and raised the price target from $93.00 to $144.70. In the report, Morgan Stanley noted, “Total sales grew ~39% YoY to Rmb7.56bn in 2Q, slightly above Baidu's high-end guidance.

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